Denihan Names Glenn Wasserman CFO
Wednesday August 13th, 2014 - 9:57AM H0
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NEW YORK—Glenn Wasserman has joined Denihan Hospitality Group as chief financial officer to oversee the company’s financial strategy, including all accounting, asset management, strategic planning, capital markets and investor relations.
The new CFO will work closely with the company’s development team in identifying, evaluating and securing capital to fund its growth strategy. He reports directly to Patrick Denihan, CEO/Denihan Investments, and serves on the company’s executive committee.
Wasserman joins Denihan from New York real estate operating company RXR Realty, LLC, where he served as EVP/capital markets and strategic planning. There, he executed more than $12 billion of capital markets activities during his 10-year tenure and served on the executive, operating and investment committees. He joined Reckson Associates Realty Corp. (predecessor to RXR) as SVP/strategic planning in 2004, where he developed corporate and operating strategies, including property-level forecasting, business planning and reporting processes.
“Glenn’s experience in structuring and executing billions of dollars’ worth of transactions, his expertise in both the debt and equity markets, and deep experience in investor relations, reporting, budgeting and forecasting is critical to Denihan achieving its aggressive growth objectives and contributing to our operational excellence," stated Denihan. “His success in expediting five-year, fixed-rate financing of The James Chicago shortly after joining Denihan is testament to the value he brings to our company."
The Denihan portfolio includes properties operating under The James and Affinia Hotels brands, as well as Manhattan luxury independents, The Surrey and The Benjamin, and additional independent properties in New York City.
Tags: Denihan Hospitality Group • Glenn Wasserman • CFO • Hospitality • Ownership • Personnel •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.